Lion One Metals Ltd V.LIO

Alternate Symbol(s): LOMLF | V.LIO.WT

Metals & Mining Gold

Lion One Metals Limited is a Canadian gold producer. It is in the business of mineral exploration and evaluation and is focused on the development of mineral resources in Fiji. The Company is the owner and operator of the Tuvatu Gold Mine located on the island of Viti Levu in the Fiji Islands. The Tuvatu Gold Project has been fully permitted for development, construction, and mining by the Government of Fiji with the grant of a Special Mining Lease (SML 62). The Tuvatu project comprises the high-grade Tuvatu Alkaline Gold Deposit, the Underground Gold Mine, the Pilot Plant, and the Assay Lab. The Property comprises four special prospecting licenses (SPL 62), with a total area of 20,170.5 hectares. It also has an extensive exploration license covering the entire Navilawa Caldera, which is host to multiple mineralized zones and highly prospective exploration targets. It holds four exploration licenses for the Tuvatu properties as granted by the mineral resources department.

TSXV:LIO - Post by User

Lion One Metals Ltd

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Post by colorisgreen2on Jun 09, 2013 7:59pm

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Post# 21504933

AVOCET MERGER NOW OFFICIAL

LION ONE METALS LIMITED ("LIO")

BULLETIN TYPE: Property-Asset or Share Purchase Agreement

BULLETIN DATE: June 7, 2013

TSX Venture Tier 1 Company

TSX Venture Exchange has accepted for filing a Merger Implementation Agreement dated December 21, 2012 and amended March 25, 2013 between Lion One Metals Limited (the "Company") and Avocet Resources Limited ("Avocet"). The Company acquired all of the issued and outstanding shares of Avocet by way of a Scheme of Arrangement ("Scheme"). Under the merger, shareholders of Avocet receive one (1) share of the Company for every nine and 1/2 (9.5) shares held in Avocet.

The Company will issue a total of 11,106,722 common shares, representing 18.5% of the outstanding shares of the Company.

Avocet has exploration projects which contain uranium mineralization in Australia and Argentina.

For further details please see the Company's news releases dated December 21, 2012 and March 26, 2013.

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